Business High School

in a world ever sensitive to social and environmental issues, more and more firms are embracing csr and sustainability. such firms are more likely than not to . a. develop closer relations with foreign stakeholders to better understand their needs and work jointly toward solutions b. minimize their contribution to the local community in order to maximize profits c. be reluctant to hire managers from around the world d. favor region-specific csr standards to global csr standards for foreign operations

Answers

Answer 1

Firms embracing csr and sustainability are more likely than not to:

A) Develop closer relations with foreign stakeholders to better understand their needs.

Define CSR and sustainability in a firm.

CSR refers to a company's responsibility for its social effect. This encompasses social, environmental, and economic factors. CSR takes several forms depending on the firm. A manufacturer's CSR actions will differ from those of a store, and publicly traded firms face different problems than a family-run SME with deep roots in its region.

The capacity to maintain multiple systems and processes – ecologically, socially, and economically — across time is referred to as sustainability. Sustainability has its roots in natural resource economics, but it has subsequently gained broader currency in terms of sustainable development and social equity.

Hence, Firms embracing csr and sustainability are more likely than not to:

A) Develop closer relations with foreign stakeholders to better understand their needs.

To learn more about CSR and Sustainability from the given link

https://brainly.com/question/1373962

#SPJ4

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